SBA by industry · MN
SBA lenders for professional services firms in Minnesota
74 lenders made 350 SBA loans to professional services firms in Minnesota in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 83. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to professional services firms in Minnesota, NAICS 54, excluding veterinary
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 74
- SBA FOIA,
- SBA loans, 36 months
- 350
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $142M
- SBA FOIA,
- Last 12 months
- 82
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for professional services firms in Minnesota, https://lender.report/sba-lenders-for/professional-services/minnesota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 83 | $16.6M | 82 | 1 | 20 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 27 | $2.94M | 27 | 0 | 2 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 16 | $15.4M | 15 | 1 | 5 |
| First Resource Bank SBA 7(a) record | Bank | Lino Lakes, MN | 13 | $6.25M | 13 | 0 | 1 |
| Platinum Bank SBA 7(a) record | Bank | Oakdale, MN | 12 | $11.0M | 12 | 0 | 2 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 10 | $2.17M | 10 | 0 | 1 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 10 | $375K | 10 | 0 | 0 |
| Drake Bank SBA 7(a) record | Bank | Saint Paul, MN | 9 | $5.73M | 8 | 1 | 1 |
| BankVista SBA 7(a) record | Bank | Sartell, MN | 9 | $2.56M | 9 | 0 | 3 |
| Highland Bank SBA 7(a) record | Bank | Saint Paul, MN | 9 | $2.46M | 9 | 0 | 2 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 8 | $3.28M | 7 | 1 | 1 |
| Bell Bank SBA 7(a) record | Bank | Fargo, ND | 8 | $2.11M | 8 | 0 | 2 |
| Falcon National Bank SBA 7(a) record | Bank | Foley, MN | 7 | $4.66M | 6 | 1 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 7 | $1.38M | 7 | 0 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 7 | $632K | 7 | 0 | 0 |
| EntreBank SBA 7(a) record | Bank | Bloomington, MN | 6 | $2.62M | 5 | 1 | 1 |
| First Western Bank & Trust SBA 7(a) record | Bank | Minot, ND | 6 | $332K | 6 | 0 | 0 |
| Associated Bank, National Association SBA 7(a) record | Bank | Green Bay, WI | 4 | $6.92M | 4 | 0 | 0 |
| Bridgewater Bank SBA 7(a) record | Bank | Saint Louis Park, MN | 4 | $6.89M | 4 | 0 | 4 |
| Alerus Financial, National Association SBA 7(a) record | Bank | Grand Forks, ND | 4 | $2.00M | 4 | 0 | 1 |
| Frandsen Bank & Trust SBA 7(a) record | Bank | Lonsdale, MN | 4 | $1.36M | 3 | 1 | 1 |
| BankCherokee SBA 7(a) record | Bank | Saint Paul, MN | 4 | $1.34M | 4 | 0 | 2 |
| Granite Bank SBA 7(a) record | Bank | Cold Spring, MN | 4 | $830K | 3 | 1 | 1 |
| CCFBank National Association SBA 7(a) record | Bank | Altoona, WI | 3 | $7.00M | 3 | 0 | 1 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 3 | $2.05M | 3 | 0 | 2 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Administrative Management and General Management Consulting Services | 32 |
| All Other Professional, Scientific, and Technical Services | 31 |
| Offices of Lawyers | 25 |
| Marketing Consulting Services | 23 |
| Offices of Certified Public Accountants | 23 |
| Other Scientific and Technical Consulting Services | 19 |
| Engineering Services | 16 |
| Other Accounting Services | 15 |
| Other Computer Related Services | 15 |
| Advertising Agencies | 14 |
| Loan size | Loans |
|---|---|
| Under $150K | 157 |
| $150K to $350K | 77 |
| $350K to $1M | 81 |
| $1M to $2.5M | 26 |
| $2.5M or more | 11 |
- SBA lenders recorded 350 loans to professional services firms totaling $141.9M in Minnesota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $150K, with the middle half between $50K and $450K. SBA FOIA,
- 335 were SBA 7(a) loans and 17 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 335 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 336 of the loans, credit unions 2, and non-banks 14. SBA FOIA,
- The five most active lenders made 43.1% of the loans. SBA FOIA,
- The three most active lenders were U.S. Bank National Association with 83, The Huntington National Bank with 27, and Old National Bank with 16. SBA FOIA,
- 157 of the loans were under $150K, and 37 were $1M or more. SBA FOIA,
- The SBA file shows 82 approvals of these loans dated in the 12 months to September 30, 2026, versus 137 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 38 of the 74 lenders are based in Minnesota. The rest are based elsewhere, most often in North Dakota, Wisconsin and South Dakota. SBA FOIA,
- The most common detailed industry in Minnesota was Administrative Management and General Management Consulting Services, with 32 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to professional services firms in Minnesota
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Minnesota, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 54, excluding veterinary.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.